Hello all, I am looking for some advice. Background - brand new washer provided last July when tenants moved in. They complained metal-striking noises and we ordered the repair under warranty. There were four repairs,...
I've helped fund a friend's previous flips. He usually gets a hard money loan, but still needs bridge financing for the down and monthly payments. I've previously charged him between 7-8% interest, but that was over a...
Hi All,My name is Chad Coleman and I live in the Berkley area of northwest Denver. Homeowner but haven't started investing yet. I did order a fix and flip manual from an infomercial way back in the 90s during high s...
VRBO's are they a good way to maximize a properties returns? I have 2 very nice properties under contract. One has a main home, 3k sq ft with a 1 bedroom cottage, a 2 bedroom cottage & an efficiency apt. The other...
Hi BP,
It's been more than a year since I posted an intro and expressed interest in starting my REI journey. We are back on track now. This time, we are ready to dive in. My husband and I are planning to purchase our...
I am renting out a 3 bedroom apartment. I am asking $1,150 for it. I’ve requested that prospects have to make 2.5X that amount in order to be qualified. A lady (with 4 kids) is interested in the apartment. Her income ...
Hi BiggerPockets community!I've been lurking on the site for a while now and have now decided to fully immerse myself into the biggerpockets community by becoming an active member. I just recently finished my educatio...
Hi BP family,I'm closing on my first rental property - SFH - next week. The purchase agreement noted that the current tenant/owner has 30 days to move out from the date of closing. I told my agent that the property ma...
I just bought a house-hack 4plex in 2020. I don't have any other rentals. Filing taxes now, so just had a few questions.
1. When calculating depreciation, I heard you're supposed to use the assessed value based on t...
I am a newer investor and am contemplating investing in the Kansas City area. I'd like to buy homes in the price range of 20k-80k some as a potential flip and others as a long term rental. Has anyone done this befor...